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HICL draws £25 million under revolver to buy further interest in RMG
By Devika Patel
Knoxville, Tenn., Dec. 23 – HICL Infrastructure plc will use about £25 million of funds drawn under its revolving credit facility to acquire a further 25% interest in the Road Management Group from KBR Inc.
The acquisition is expected to conclude in the first quarter of 2022.
Following this acquisition, HICL will hold a 58.3% interest in the group.
HICL is a London-based infrastructure investment company.
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